The bank reported a loss of Rs 1,506.64 crore for fourth quarter ended March 31, owing to rise in provisioning for bad loans.
30 Apr 2019 1:16 PM
India’s bankruptcy court had approved ArcelorMittal’s USD 6 billion bid for debt-ridden Essar on March 8.
12 Apr 2019 4:33 PM
The level of non-performing loans (NPLs) in India remains high.
11 Apr 2019 10:21 AM
ADIA has committed USD 500 million for the special situations fund, while Kotak will invest the remaining.
28 Feb 2019 5:21 PM
Fitch estimates that banks will need an additional USD 23 billion (around Rs 1.6 lakh crore) in 2019.
27 Feb 2019 1:03 PM
As part of new proposals, RBI is also suggesting quantitative and qualitative criteria is for identification of ‘Material Risk Takers.
26 Feb 2019 3:49 PM
Shareholders of Jet Airways had approved conversion of loan into shares and other proposals during the extraordinary general meeting.
25 Feb 2019 3:30 PM
So far, banks have recovered Rs 1 lakh crore under the Insolvency and Bankruptcy Code (IBC).
21 Feb 2019 10:01 AM
The banks had written off loans valuing just Rs 33,259 crore in Q2FY19, hopping 24 per cent y-o-y.
20 Feb 2019 4:20 PM
Andhra Bank had posted a net loss of Rs 532.02 crore in the October-December quarter previous fiscal.
12 Feb 2019 11:47 AM
Corporation bank had posted a net loss of Rs 1,240.49 crore in October-December 2017-18.
12 Feb 2019 11:35 AM
UCO bank had posted a net loss of Rs 1,016.43 crore in the same quarter of the previous fiscal.
08 Feb 2019 3:23 PM
Banks have raised 244.4 billion rupees from the market this fiscal year.
20 Dec 2018 5:45 PM
The bank had reported a net loss of Rs 4,875.85 crore in the first quarter of the current fiscal.
05 Nov 2018 4:34 PM
Show-cause notice to Urjit Patel for
05 Nov 2018 10:48 AM
The bank's gross non-performing assets as a proportion of gross advances rose sharply to 17.16 per cent.
02 Nov 2018 1:24 PM
The banking sector had NPAs or bad loans worth over Rs 9.61 lakh crore by the end of 2017-18.
23 Oct 2018 4:19 PM
India’s banks have been plagued by a surge in non-performing loans which hit a record USD 150 billion at the end of March.
12 Oct 2018 5:23 PM
Banks gave huge loans at drop of hat 'when phone call was made,' by powers that be, she said, addressing BJP traders’ wing meet in Chennai.
10 Oct 2018 2:11 PM
Post-merger, the asset size of the new entity would be over Rs 14.5 lakh crore.
07 Oct 2018 12:09 PM